Flushing Financial (NASDAQ:FFIC) Releases Earnings Results, Beats Estimates By $0.01 EPS

Flushing Financial (NASDAQ:FFIC - Get Free Report) released its earnings results on Tuesday. The bank reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.01, Zacks reports. The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $55.38 million. Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%.

Flushing Financial Stock Up 4.1 %

Shares of NASDAQ:FFIC traded up $0.50 during trading on Friday, hitting $12.71. 239,513 shares of the company were exchanged, compared to its average volume of 248,147. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. The firm's 50 day moving average price is $12.51 and its 200-day moving average price is $14.48. The stock has a market capitalization of $429.31 million, a P/E ratio of -12.58 and a beta of 0.67. Flushing Financial has a 12-month low of $10.65 and a 12-month high of $18.59.

Flushing Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 6.92%. Flushing Financial's payout ratio is currently -87.13%.

Insider Buying and Selling

In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of Flushing Financial stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total transaction of $87,856.00. Following the transaction, the executive vice president now owns 32,336 shares of the company's stock, valued at $417,781.12. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 6.31% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Flushing Financial from a "sell" rating to a "hold" rating in a research report on Wednesday.

Flushing Financial Company Profile

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.